2 unchanged sentences
Our North American home offices are approximately 575,000 square feet, and we own or have options to purchase adjacent buildings that would allow for additional expansion if necessary.
−Removed: Our three European home offices were consolidated into one location on the former Truman Brewery Site in London, England during the fourth quarter of fiscal 2020.
−Removed: The new office is approximately 70,000 square feet and houses all of our brand and shared leadership teams as well as a wholesale showroom and photo studio.
+Added: Our three European home offices were consolidated into one location on the former Truman Brewery Site in London, England during fiscal 2020.
+Added: The office is approximately 70,000 square feet and houses all of our brand and shared leadership teams as well as a wholesale showroom and photo studio.
The term of this lease is set to expire in July 2029, and we have the option to renew for up to an additional 10 years.
−Removed: The lease term for one of the previously used offices in London, England, expires in 2023, and totals approximately 7,000 square feet.
−Removed: We are exploring options such as lease assignment and subleasing to mitigate costs from this location.
Our North American retail stores are supported by two distribution centers.
9 unchanged sentences
The lease term expires in fiscal 2024 with two five-year renewal options.
−Removed: We lease a 309,000 square foot fulfillment center located in Bristol, Pennsylvania, which is primarily used to conduct our Subscription segment operations.
+Added: We lease a 309,000 square foot fulfillment center located in Bristol, Pennsylvania, which is primarily used to conduct our Nuuly Rent operations.
The lease commenced in fiscal 2020 and is set to expire in July 2034 with options to renew for up to an additional ten years.
In addition, this fulfillment center has been recently used to support increased customer demand in the digital channel.
−Removed: We lease separate distribution and fulfillment centers each located in Rushden, England.
−Removed: Our 98,000 square foot distribution center supports our entire European store base and our 142,000 square foot fulfillment center primarily provides fulfillment services for our European Retail segment and global Wholesale segment customers.
−Removed: We are nearing maximum capacity at these centers and during fiscal 2020 began construction on an omni-channel fulfillment center in Peterborough, England that will support our stores and digital and wholesale channels.
−Removed: We own the facility, which is approximately 400,000 square feet.
−Removed: We expect to complete the installation of the remaining material handling equipment and become fully operational during fiscal 2022, at which time we will exit the Rushden centers when the leases for both locations expire.
−Removed: In fiscal 2020, we signed an agreement with a third-party logistics provider in China to store and distribute merchandise sold through our relationship with a third-party digital marketplace.
+Added: We own and operate an approximately 400,000 square foot omni-channel fulfillment center in Peterborough, England that supports our European stores, digital and wholesale channels.
+Added: We began construction on the facility during fiscal 2020 and completed the installation of the remaining material handling equipment and became fully operational during fiscal 2022.
+Added: We exited our distribution and fulfillment centers in Rushden, England during fiscal 2022 upon completion of the omni-channel fulfillment center in Peterborough, England.
In fiscal 2021, we purchased land in Kansas City, Kansas for the development of an approximately 880,000 square foot omni-channel fulfillment center.
−Removed: Construction of the facility began in fiscal 2021 and is expected to be completed during fiscal 2024.
+Added: Construction of the facility began in fiscal 2021 and is expected to be fully operational during fiscal 2024.
The facility will support the growth and expansion of our Retail segment business in North America by providing more efficient and faster inventory processing, as well as faster and more consistent delivery times to our stores and digital customers.
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Located in the United Arab Emirates.
−Removed: In addition to the stores listed above, the Wholesale segment operates sales and showroom facilities in New York City, Los Angeles, Chicago and London that are leased through 2023, 2024, 2028 and 2029, respectively.
+Added: In addition to the stores listed above, the Wholesale segment operates sales and showroom facilities in Dallas, New York City, Los Angeles, Chicago and London that are leased through 2022, 2023, 2024, 2028 and 2029, respectively.
Legal Proceedings
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.